The asset turnover ratio measures
a. how quickly the company uses assets to pay debt.
b. how efficiently assets are used to produce sales.
c. the income produced by selling inventory.
d. how efficiently equity is used to produce revenue.
B
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Which of the following is characteristic of pricing products/services according to the going-rate
approach? A) Prices of products have little relation to the actual cost of manufacturing them. B) Market leaders set the prices, which are then adopted by smaller firms. C) Early adopters of new technologies are the targeted customer segment with this approach. D) Optimum profits are not gained as current demand and competitor's prices are ignored.
Which of the following is not a survey?
a. observation b. mail questionnaires c. telephone questionnaires d. person-to-person interviewing
Why can't a decision-maker use sales revenue and expense information provided on the income statement as a measure of cash inflows and outflows from operating activities?
Accurate information asks if the aggregate or summary information is in agreement with detailed information.
Answer the following statement true (T) or false (F)